This property looks like a bad Airbnb investment with a projected -21.18% first-year return on $140k initial cash invested.
-21.18%
Cash On Cash
1.08%
Cap Rate
0.18
DSCR
$1,575
Rent
-$2,468
Cashflow
Cash Flow
$1,575 income − $4,043 expenses = $2,468 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,575
Total Expenses
$4,043
Mortgage P&I
186%
$2,928
Property Taxes
10%
$156
Home Insurance
13%
$203
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394